Cavco Industries, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 28, 2013. The company's net revenue for the third quarter of fiscal 2014 totaled $138.3 million, up 20.7% from $114.6 million for the third quarter of fiscal year 2013. Net income for the fiscal 2014 third quarter was $5.9 million compared to $3.0 million reported in the same quarter one year ago. Net income attributable to Cavco stockholders for the fiscal 2014 third quarter was $5.9 million, compared to net income of $1.5 million reported in the same quarter of the prior year. Net income was also positively affected this quarter by $0.4 million from a business interruption insurance settlement related to a prior quarter insurance claim. Net income per share based on basic and diluted weighted average shares outstanding for the quarter ended December 28, 2013 was $0.67 and $0.66, respectively, versus $0.21 for the quarter ended December 29, 2012. For the quarter, the company reported income from operations was $9.550 million against $6.268 million a year ago. Income before income taxes was $8.504 million against $5.281 million a year ago. Capital expenditures were $0.839 million against $0.177 million a year ago.

For the first nine months of fiscal 2014, net sales totaled $402.1 million, up 17.1% from $343.5 million for the comparable prior year period. Net income attributable to Cavco stockholders for the first nine months of fiscal 2014 was $12.0 million, compared to $3.6 million last year. Net income per share based on basic and diluted weighted average shares outstanding was $1.49 and $1.47, respectively, versus basic and diluted net income per share of $0.51 for the prior year period. Income from operations was $24.270 million against $15.937 million a year ago. Income before income taxes was $21.272 million against $12.480 million a year ago. Capital expenditures were $1.671 million against $0.563 million a year ago.